Vault-13

INSMED INC INSM 0.75 06.01.28

NOTE 0.750% 6/0 · US DOMESTIC · CUSIP 457669AB5

53 institutional holders -13 vs Q2 2024
14,929,26714.9m shares reported held*
$1.3bnreported value*
3 new 13 added 20 reduced 16 sold out net sold ≈ $13.9m (-36.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($17.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.32.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 44Q4 22: 56Q1 23: 61Q2 23: 61Q3 23: 61Q4 23: 60Q1 24: 68Q2 24: 66Q3 24: 5353Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202244
Q4 202256
Q1 202361
Q2 202361
Q3 202361
Q4 202360
Q1 202468
Q2 202466
Q3 202453

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 28 bought or addedQ4 22: 18 cut or sold outQ1 23: 30 bought or addedQ1 23: 22 cut or sold outQ1 23Q2 23: 24 bought or addedQ2 23: 25 cut or sold outQ3 23: 22 bought or addedQ3 23: 25 cut or sold outQ3 23Q4 23: 21 bought or addedQ4 23: 27 cut or sold outQ1 24: 28 bought or addedQ1 24: 28 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 50 cut or sold outQ3 24: 16 bought or addedQ3 24: 36 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222818
Q1 20233022
Q2 20232425
Q3 20232225
Q4 20232127
Q1 20242828
Q2 20242850
Q3 20241636

Biggest buyers

WHITEBOX ADVISORS LLC Added +27,974,000+28.0m
D. E. Shaw & Co., Inc. Added +27,750,000+27.8m
DeepCurrents Investment Group LLC Added +18,052,000+18.1m
Linden Advisors LP Added +16,093,000+16.1m
JPMORGAN CHASE & CO Added +13,506,000+13.5m
MILLENNIUM MANAGEMENT LLC Added +11,500,000+11.5m
VOYA INVESTMENT MANAGEMENT LLC Added +8,005,000+8.0m
FMR LLC Added +5,710,000+5.7m
683 Capital Management, LLC Added +5,000,000+5.0m
Verition Fund Management LLC Added +4,506,000+4.5m

Biggest sellers

Graham Capital Management, L.P. Sold out -33,206,000-33.2m
JANUS HENDERSON GROUP PLC Reduced -20,962,000-21.0m
CITADEL ADVISORS LLC Sold out -15,755,000-15.8m
LORD, ABBETT & CO. LLC Reduced -12,862,000-12.9m
FRANKLIN RESOURCES INC Reduced -12,647,000-12.6m
READYSTATE ASSET MANAGEMENT LP Sold out -7,264,000-7.3m
Point72 Asset Management, L.P. Sold out -5,000,000-5.0m
MORGAN STANLEY Reduced -4,708,000-4.7m
AXA S.A. Sold out -3,340,000-3.3m
Calamos Advisors LLC Reduced -3,130,000-3.1m

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 2.59% of their portfolio New York, NY 133,663,000133.7m $307.2m $307.2m 2.59% Added +16.1m +16,093,000
2 D. E. Shaw & Co., Inc. 0.21% of their portfolio New York, NY 71,505,00071.5m $164.3m $164.3m 0.21% Added +27.8m +27,750,000
3 WHITEBOX ADVISORS LLC 6.16% of their portfolio MINNEAPOLIS, MN 62,024,00062.0m $142.3m $142.3m 6.16% Added +28.0m +27,974,000
4 BAKER BROS. ADVISORS LP 1.02% of their portfolio NEW YORK, NY 42,850,00042.9m $98.3m $98.3m 1.02% Unchanged
5 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 29,217,00029.2m $68.9m $68.9m 0.02% Reduced -12.6m -12,647,000
6 DeepCurrents Investment Group LLC 2.07% of their portfolio NEW YORK, NY 28,052,00028.1m $64.5m $64.5m 2.07% Added +18.1m +18,052,000
7 CSS LLC/IL 2.35% of their portfolio CHICAGO, IL 17,586,00017.6m $40.4m $40.4m 2.35% Added +1.0m +1,000,000
8 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 17,055,00017.1m $39.2m $39.2m 0.04% Added +8.0m +8,005,000
9 683 Capital Management, LLC 3.59% of their portfolio NEW YORK, NY 15,428,00015.4m $35.3m $35.3m 3.59% Added +5.0m +5,000,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,344,00014.3m $32.8m $32.8m 0.00% Added +13.5m +13,506,000
11 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 14,000,00014.0m $32.2m $32.2m 0.03% Added +11.5m +11,500,000
12 Calamos Advisors LLC 0.15% of their portfolio NAPERVILLE, IL 13,963,00014.0m $32.1m $32.1m 0.15% Reduced -3.1m -3,130,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,975,00012.0m $27.5m $27.5m 0.00% Reduced -1.1m -1,100,000
14 FMR LLC 0.00% of their portfolio BOSTON, MA 11,560,00011.6m $26.5m $26.5m 0.00% Added +5.7m +5,710,000
15 CAPSTONE INVESTMENT ADVISORS, LLC 0.51% of their portfolio NEW YORK, NY 11,531,00011.5m $26.5m $26.5m 0.51% Reduced -2.5m -2,500,000
16 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 8,573,0008.6m $19.7m $19.7m 0.01% Reduced -21.0m -20,962,000
17 Verition Fund Management LLC 0.12% of their portfolio GREENWICH, CT 7,563,0007.6m $17.4m $17.4m 0.12% Added +4.5m +4,506,000
18 SSI INVESTMENT MANAGEMENT LLC 1.25% of their portfolio Los Angeles, CA 7,390,0007.4m $17.0m $17.0m 1.25% Reduced -1.1m -1,105,000
19 SONA ASSET MANAGEMENT (US) LLC 0.61% of their portfolio NEW YORK, NY 5,000,0005.0m $11.5m $11.5m 0.61% Unchanged
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,599,0004.6m $10.6m $10.6m 0.00% First filing
21 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 4,244,0004.2m $9.7m $9.7m 0.03% Reduced -12.9m -12,862,000
22 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 4,002,0004.0m $9.2m $9.2m 0.00% Reduced -1.5m -1,500,000
23 ARISTEIA CAPITAL, L.L.C. 0.33% of their portfolio GREENWICH, CT 4,000,0004.0m $9.2m $9.2m 0.33% Unchanged
24 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 2,673,0002.7m $6.1m $6.1m 0.01% Reduced -2.0m -1,995,000
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,569,9002.6m $5.9m $5.9m 0.00% Added +917.0k +917,000
26 ADVENT CAPITAL MANAGEMENT /DE/ 0.10% of their portfolio NEW YORK, NY 1,795,0001.8m $4.1m $4.1m 0.10% Reduced -708.0k -708,000
27 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,650,0001.6m $3.8m $3.8m 0.00% Reduced -852.0k -852,000
28 OAKTREE CAPITAL MANAGEMENT LP 0.06% of their portfolio LOS ANGELES, CA 1,642,0001.6m $3.8m $3.8m 0.06% Unchanged
29 Nicholas Investment Partners, LP 0.32% of their portfolio RANCHO SANTA FE, CA 1,500,0001.5m $3.4m $3.4m 0.32% Unchanged
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 1,250,0001.2m $2.9m $2.9m 0.01% Unchanged
31 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 797,000797.0k $1.8m $1.8m 0.00% Reduced -2.7m -2,698,000
32 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 750,000750.0k $1.7m $1.7m 0.00% New
33 Sonora Investment Management Group, LLC 0.08% of their portfolio TUCSON, AZ 480,000480.0k $1.1m $1.1m 0.08% Reduced -60.0k -60,000
34 Central Pacific Bank - Trust Division 0.12% of their portfolio HONOLULU, HI 401,000401.0k $919.9k $919.9k 0.12% Reduced -52.0k -52,000
35 PALISADE CAPITAL MANAGEMENT, LP 0.02% of their portfolio FORT LEE, NJ 363,000363.0k $834.2k $834.2k 0.02% Reduced -250.0k -250,000
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 310,000310.0k $711.1k $711.1k 0.00% Reduced -4.7m -4,708,000
37 Paloma Partners Management Co 0.03% of their portfolio GREENWICH, CT 250,000250.0k $574.9k $574.9k 0.03% Unchanged
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $459.9k $459.9k 0.00% Unchanged
39 Fox Hill Wealth Management 0.17% of their portfolio DEDHAM, MA 134,000134.0k $307.3k $307.3k 0.17% Unchanged
40 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 133,000133.0k $305.9k $305.9k 0.00% Reduced -2.9m -2,934,000
41 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 115,000115.0k $263.8k $263.8k 0.01% Reduced -16.0k -16,000
42 ABN AMRO INVESTMENT SOLUTIONS 0.00% of their portfolio PARIS CEDEX 008, I0 100,000100.0k $229.9k $229.9k 0.00% Unchanged
43 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 52,00052.0k $119.6k $119.6k 0.01% Reduced -1.0k -1,000
44 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 47,00047.0k $107.0k $107.0k 0.00% Unchanged
45 Boussard & Gavaudan Investment Management LLP 5.97% of their portfolio London, X0 28,00428.0k $65.2m $65.2m 5.97% Added +14.7k +14,695
46 Argent Trust Co 0.00% of their portfolio NASHVILLE, TN 25,00025.0k $57.4k $57.4k 0.00% Unchanged
47 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 15,26315.3k $1.1m $1.1m 0.01% Reduced -16.3k -16,273
48 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 12,00012.0k $27.5k $27.5k 0.00% New
49 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,0005.0k $11.5k $11.5k 0.00% Unchanged
50 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $6.9k $6.9k 0.00% New
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $2.3k $2.3k 0.00% Unchanged
52 Candriam S.C.A. 0.00% of their portfolio STRASSEN, N4 130130 $299.3k $299.3k 0.00% Unchanged
53 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged